Jeffrey's Articles

Jeffrey Steele is an independent writer in Chicago who has written over 2,000 articles appearing in publications such as Barron's, Boston Globe, Chicago Sun-Times, LA Times, and more.

Working longer: Fallback or fallacy?

Written by Jeffrey Steele - 5 Comments

This post is from staff writer Jeffrey Steele.
The following has occurred to me countless times; maybe it has you as well. Perhaps you’ve even been the one to utter those oft-repeated words.
Two or more people are talking about how far behind they are in saving for retirement. They’ve saved so little, in fact, that the idea [...]

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Published on May 22nd, 2013
Modified on May 16th, 2013 - 5 Comments
Filed under: Retirement, Working
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College debt 101

Written by Jeffrey Steele - 5 Comments

This post is from staff writer Jeffrey Steele.
A few weeks back, by sheer coincidence, I happened to meet a young woman currently enrolled in the same journalism school master’s degree program from which I graduated more than a third of a century ago.
We got to talking about all the opportunities she and her classmates enjoyed. [...]

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Published on May 8th, 2013
Modified on May 1st, 2013 - 5 Comments
Filed under: Education
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Key steps to a richer life

Written by Jeffrey Steele - 7 Comments

This post is from staff writer Jeffrey Steele.
At a recent neighborhood function, I ran into a woman I’ve known for years, but hadn’t seen in a few months. She’d be the first to admit to suffering a weight problem. A shorter woman, she’d packed on enough pounds over the years to audition for the role [...]

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Published on April 24th, 2013
Modified on April 18th, 2013 - 7 Comments
Filed under: Miscellany
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What some call retirement planning is a joke

Written by Jeffrey Steele - 13 Comments

This post is from staff writer Jeffrey Steele.
The Employee Benefit Research Institute’s 2013 Retirement Confidence Survey was released in mid-March, and reinforced the notion that within many sober reports on serious personal finance subjects, we can find a few good laughs.
In short, one will come away from perusing this survey with more than just a [...]

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Published on April 10th, 2013
Modified on April 15th, 2013 - 13 Comments
Filed under: Planning, Retirement
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An Affinity for Fraud

Written by Jeffrey Steele - 4 Comments

There are some who wear their religiosity on their sleeves. They never tire of telling people how devoted they are to their church or synagogue, how faithfully they attend services, and how God-fearing, spiritual and pious they are. Some go so far as to suggest others who don’t share their faith are headed hell-ward.
My father [...]

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Published on March 28th, 2013
Modified on April 15th, 2013 - 4 Comments
Filed under: Identity Theft
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Rating Your 401(k) Plan Administrator

Written by Jeffrey Steele - 3 Comments

Two years ago, a survey asked a sampling of Americans whether, if they had a choice, they would prefer more money or a better boss. Since most of us are a bit cash-hungry, one might think the answer would be the former. But instead, the survey found a sizable majority (65%) would actually pick a [...]

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Published on March 19th, 2013
Modified on April 15th, 2013 - 3 Comments
Filed under: Saving & Investing
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Avoid This Ill.-Advised State of Monetary Madness

Written by Jeffrey Steele - 3 Comments

What I’m about to reveal I don’t like to bandy about. In fact, I try to hide it when in polite company. So I’ve got to ask you to please not breathe a word of what I’m about to divulge.
As embarrassing as it is to admit, I’m from Illinois.
I’ve lived here almost all my life [...]

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Published on March 5th, 2013
Modified on March 18th, 2013 - 3 Comments
Filed under: Economy
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The Antidote to “Buy High, Sell Low”

Written by Jeffrey Steele - 9 Comments

The stock market has been on a tear recently. The month of January ended with the Dow Jones Industrial Average up six percent, the S&P 500 index north five percent, and the NASDAQ composite up “merely” four percent. And the trend has continued in February.
That caps a skein of months and years, ever since early [...]

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Published on February 14th, 2013
Modified on March 2nd, 2013 - 9 Comments
Filed under: Saving & Investing
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Deeply Downsized Domiciles

Written by Jeffrey Steele - 9 Comments

I wasn’t exactly born yesterday. But among the misty watercolor memories clouding my brain pan, I retain a clear memory of the kind of homes that many middle-class people lived in way back in my 1960s-era childhood.
They often were very small. Three tiny bedrooms, a phonebooth sized bathroom, a kitchen just larger than a card [...]

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Published on January 31st, 2013
Modified on February 4th, 2013 - 9 Comments
Filed under: Real Estate
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Saving Savings with Home Emergency Gap Coverage

Written by Jeffrey Steele - 4 Comments

The typical washer-dryer combo unit lasts about eight years. The one in my home was in its 14th year, and living on borrowed time when it finally expired last year.
Its demise meant a large unexpected expense I hadn’t counted on. I bit the bullet and called the same appliance retailer I’d bought my last combo [...]

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Published on January 24th, 2013
Modified on February 4th, 2013 - 4 Comments
Filed under: House & Home, Insurance, Saving & Investing
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